Pros
Interesting research. Little to no travel. Intense team-based work, two case system gives you broad experience in a short period of time. Great opportunities to manage teams already after two years. Great professional skill prep for grad-school or other research or professional services jobs. Partners are great.
Cons
1. Recently, employees have gotten into great graduate research programs, but have had trouble getting into top MBA programs. 2. Competent managers are the exception not the norm. Many know how to do the basic work, but lack the most basic ability to manage. There are legacy employees that get by on past reputation and off-load responsibilities. This makes work chaotic and leads to less than ideal scenarios as people cover up the gaps. 2. Training of new employees and managers is seriously lacking. 3. No transparent review process. End of case reviews have little to do with promotions. Decisions are made by consensus in a manager meeting where the loudest voice prevails. Obviously doing okay work is critical to being the conversation, but if one managers really likes you, you get a promotion, one doesn't like you, wait a year. People that like you don't have strong voices? You worked for the wrong managers, wait a year. Can be demoralizing. 4. No meaningful client interaction for most employees within the first two years. 5. Managers with serious character flaws have been promoted because they can bring in clients.